Commercialization decisions and the economics of introduction

@article{Barbier2006CommercializationDA,
  title={Commercialization decisions and the economics of introduction},
  author={Edward B Barbier and Duncan J Knowler},
  journal={Euphytica},
  year={2006},
  volume={148},
  pages={151-164}
}
A commercial horticultural industry that establishes plant-breeding nurseries for an exotic species throughout a regional economy will expand until the marginal profit of the last nursery established is zero. However, a regional government concerned with social welfare will take into account not only the profits of the horticultural industry but also any expected costs of an accidental invasion. The latter costs will consist of the discounted expected social damages due to an increase in the… CONTINUE READING